Corporate Law Articles

Annual Compliance Calendar Of LLP

Posted by CS Divesh Goyal 13 September 2021 11358 Views

Even if LLP does not do any business, it has to comply with statutory requirements such as Annual Return, Balance Sheet, Profit and loss Account, Income tax return etc. every year.

Process / Provision of Strike of LLP

Posted by CS Divesh Goyal 13 September 2021 3302 Views

The provision in relation to the closure of LLP has been mentioned u/s 75 of LLP Act, 2008. The name of defunct LLP can be struck off by the Registrar Suo-motto or on application by the LLP.

Some Facts related to Fast Track Insolvency Process

Posted by FCS Deepak Pratap Singh 13 September 2021 4514 Views

The IBC Code, 2016 was introduced in Lok Sabha on 21st December 2015 and passed on 5th May 2016. The upper house of the Parliament passed it on 11th May 2016 and it got the President's assent on 28th May 2016.

Legal position when cheque issued for payment of premium dishonoured

Posted by FCS Deepak Pratap Singh 13 September 2021 10526 Views

Payment of premium is the consideration in the Contract of Insurance and hence without payment of consideration, any contract will not carry on. The premium must be received before the issue of the insurance policy.

Conversion of partnership firm into LLP

Posted by CS Divesh Goyal 13 September 2021 4945 Views

Partnership firms are at a disadvantage when compared to the newly introduced LLP as they do not provide limited liability protection for the partners, separate legal entity status, and ease of ownership transfer etc.

Analysis of provisions governing disqualification of director

Posted by FCS Deepak Pratap Singh 12 September 2021 2504 Views

The Companies Act, 2013, SEBI (LODR) Regulations, 2015 and other acts have specified some disqualifications on occurring of which a person cannot be appointed as director of a company.

Procedure For Implementation Of Section 51A Of The Unlawful Activities (Prevention) Act, 1967

Posted by FCS Deepak Pratap Singh 12 September 2021 1539 Views

It is necessary to take strict steps to curb the nexus of ML and Terrorism. The government to coup with above has made changes in the Anti Money Laundering Act, 2002 and Unlawful Activities (Prevention) Act, 1967.

Annual General Meeting and its Matters

Posted by Brajesh Kumar 12 September 2021 4921 Views

AGM provides members with an opportunity to collectively discuss the affairs of the company and to exercise their ultimate control over the management of the company.

OPC Annual Filing, Compliances, Due Date & MGT-7A

Posted by CS Lalit Rajput 12 September 2021 7801 Views

OPC shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attached to such financial statements, within 180 days from the closure of the FY.

All about Private Limited Company

Posted by Baibhav Kumar 04 September 2021 5861 Views

A private limited company is a privately-held business entity. The liability arrangement is that of a limited partnership, wherein the liability of a shareholder extends only up to the number of shares held by them.